Lift Program

Thinking of purchasing a home?

Receive Down Payment Assistance up to $22,500 to Purchase a Home in Duval County

  • FL Bond portion $15K: This program is for first time homebuyers OR those who have not owned a home in the past 3 years.
  • Neighborhood LIFT program $7,500: just currently cannot own
  • These funds can also be divided to cover closing cost as well. Conventional or FHA financing can be done with the down payment assistance. You can also contribute your own funds or gift funds for down payment.
  • Duval County purchase price limit: $298,192.00
  • Duval County: Income limits are as follows (total Gross Annual Income): FHA: 1 to 2 person household $69,176.00, FHA: 3+ person household $79,552.00 Conventional: All household sizes: $90,860.00
  • LIFT income limit is $51,400 Gross Annual Income. VA is $64,400 for a family of 4 and goes up from there.
  • FL Bond portion is forgivable in 5 years, which means you will not have to pay it back after 5 yrs. ($3k a year forgivable up to the 5 yrs). Neighborhood LIFT is forgivable in 3 years. No payment on the either portion during these time frames
  • FL Bond requires a 640 middle credit score or higher.
  • Using Neighborhood LIFT only will allow as low as 620 middle credit score.

Neighborhood LIFT Program is for VA buyers too!

For more information call:

Cool Realty LLC - 904 602 5555

More about:Bond Money, Specialty Loans and First Time Buyers